Audit Alert on Contractor Compensation Cap

CORPORATE AUDIT DIRECTORS, DCAA. ASSISTANT DIRECTORS, DCAA. SUBJECT: Audit Alert on Contractor Compensation Cap – Statutory Fiscal Year 2024.

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2/22/2024, 24-PAS-002(R), Updated Guidance on Scanned Documents ; 11/21/2023, 23-PSP-010(R), Audit Alert on Contractor Compensation Cap – Statutory Fiscal Year ...

Office of Federal Procurement Policy Compensation Limit Updated

The updated allowable compensation limit for costs incurred in 2024 is $646000 for all employees of government contractors, up from $619000 for 2023.

DCAA Publishes the 2024 Compensation Cap

DCAA announces the 2024 compensation cap, highlighting the importance of compliance and system audits for government contractors.

OFPP Updates Contractor Compensation Cap for 2024 | Forvis Mazars

The cap limits the allowable compensation government contractors can claim under FAR 31.205-6(p)—Limitation on compensation. The cap applies to all contractor ...

Do you Know How the Executive Compensation Limit for 2024 ...

Auditors will evaluate Contractors' compensation costs to ensure no amounts are claimed in excess of the cap. The compensation cap amount ...

DCAA Takes the Lead on Compensation Cap

DCAA issued guidance (20-PSP-004, Audit Alert on Update to the Bipartisan Budget Act of 2013 (BBA) Contractor Compensation Caps – Calendar ...

Contractor Compensation Cap for Contracts Awarded on or after ...

Section 702 of the Bipartisan Budget Act of 2013 (BBA; Pub. L. 113-67, December 26, 2013) established a $487,000 cap on the reimbursement of compensation ...

DCAA Addresses Lack of OFPP Action Through New Audit Guidance

On August 20, 2020, DCAA published MRD 20-PSP-004, entitled “Audit Alert on Update to the Bipartisan Budget Act of 2013 (BBA) Contractor Compensation Caps – ...

Contractor compensation cap for statutory Fiscal Year 2023 - Lexology

This represents an increase of $30,000 from the 2022 compensation cap of $589,000. The January 6, 2023 MRD can be found here. To find out how ...

The Four Horsemen of the Incurred Cost Audit - Aprio

Under the Allowable Cost and Payment clause (52.216-7), contractors with cost reimbursement, time and materials or incentive type contracts are ...

DCAA Issues New Guidance | Government Contract Associates

This guidance alerts auditors to changes to compensation limitations we discuss above and states they will affect all audits but focuses on how they will affect ...

Government audit: Managing contractor risk in a changing ... - Deloitte

A May 2014 FAR final rule expanded the existing compensation cap to a broader group of contractor employees. ... Audit Alert on Professional and Consultant ...

DCAA Guidance on Contractor Audits during Lockdown

On April 10, 2020, the Defense Contract Audit Agency (“DCAA”) issued Memorandum for Regional Directors (“MRD”) 20-PAS-001(R), Audit Alert on ...

Department of Defense Memorandum Attempts to Streamline ...

112-81, Congress has expanded the number of contractor employees who are subject to what was formerly known as the executive compensation cap ...

[1] The audit alert includes frequently asked questions and answers (“FAQs”) concerning contractors' request or receipt of COVID relief funding.

"Update: Contractor Employee Compensation Limits" | WEC CPA

... contractor compensation caps. For all contracts awarded after June 24 ... audit. For more information on contractor compensation limits ...

ASBCA Rejects DCAA's Methodology for Determining ...

As many contractors know, DCAA has made a practice of closely scrutinizing executive compensation. The amount of executive compensation that is ...

Report March – April 2012 Vol 18, No. 2

The new cap represents an 11.5 percent increase over the $684,181 that was in effect for FYs 2009 and 2010. Contractors can, of course, pay their executives and ...

Contractor compensation cap for statutory fiscal year 2023 - HKA

This represents an increase of $30,000 from the 2022 compensation cap of $589,000. The January 6, 2023 MRD can be found here. To read the HKA ...